“For now, the numbers of new daily infections are not alarming and the healthcare system is still coping quite well. Should the figures continue to rise, the recovery thematic plays would be affected, ” Rakuten Trade head of equity sales Vincent Lau (pic) told StarBiz.This would turn investors’ attention to the healthcare stocks and especially rubber gloves, he added.
KUALA LUMPUR: The FBM KLCI appears to be treading at the crucial 1,600 psychological handle, neither rising nor falling too much as Covid-19 infections continue to rise in the country.
Total active cases in the country, which is a barometer of how the healthcare system is coping, had also risen to 20,522 at press time from a low of about 14,000 cases some two to three weeks ago while the infection rate or R-naught had seen a rise to 1.16 from less than 1.0 late last month.
Limited time offer:
Just RM5 per month.
